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Obviously they are just very poor Captain. If you would be willing to hire them I'm sure they would become upstanding citizens. They seem like really nice guys underneath that rough exterior. :)

Corn just went limit up.

Grains!

Well, not that I'm trying to over analyze this, but I was thinking that the rally would come after the election and I assumed the rally would be predicated on a Romney win. I could see this market being very volatile in the fall and correcting again before the election. But these predictions...

Here is what is on tap this week: Monday July 9 China CPI (June): China CPI was 3.0%yoy in May. Consensus expects 2.3%, while we expect a print of 2.1%. Draghi Speech at the European Parliament in Brussels BOE Tucker Testimony to Commons Eurogroup/Ecofin Meeting...

Number lines are very strong but my call still stands. I think this month is a consolidation month. Neither A levels will be confirmed. However, if we do confirm a monthly A up, I'll be all over it. Same for the monthly A down. My end of year call still stands. I think we take out 1423...

This has nothing to do with the products traded. I only brought that up because I don't think you have the slightest idea of the capital commitments needed to trade products that don't have offsetting margins. I'm not being negative, I'm being real. My best advice is go join an existing prop...

Those numbers sound about right. The overhead is outrageous. This guy is dreaming. He would be far better off going to an already existing prop firm and starting a group. Just last year he was actually looking to join a prop firm. Not sure whatever happened with that. But he should have...

See, this is the problem. Equities and futures are two different things. I can't even think of a firm that exists in both spaces. There is no point to making markets in equities as the cash outlay is too intensive. If you want to be an HFT firm (not the same as market making), then you are...

You really have provided no info here. The question is too broad. The structure depends completely on the type of trading you are doing, how many partners in the firm, how much capital they are putting in and the type of edge being exploited. Weren't you looking at joining a prop firm a few...

Shan and I had a "long" talk about this on Friday in the office. LOL. Here is a summary of what I said. I am neither bullish nor bearish. I see the market through the lens of volatility and it's why I use and love ACD. June saw us trade from 1260 to 1375 pretty much in a straight shot...

I just think it's the nature of public message boards. This wouldn't happen if all users on this site where required to use their full name as their handle. But when a fight breaks out between someone's whose identity is known and a bunch of made up aliases, then it's not a fair fight. The...

Of course they can do it. I was advising against it. LOL. I can also leverage FX 50 to 1. I advise against that as well. :)

I think that's fair. And that is what I stated on this thread. Portfolio margin is the margin the clearing firm gives the broker, not the broker the customer. Most brokers have another layer they add on for risk. This is why I was telling the OP that the idea of simply leveraging...

That's not what I meant. What I meant is do you ask for additional margin for concentrated positions in stock?

We have gone over this a few times on the thread. There really are no set levels. Every trader on here is using different time frames and different A levels. Most of us form fit them to the type of trading we are trying to do. I know that's not the answer you are looking for but we have...

Read what you just wrote again. I'm playing devil's advocate here as I agree with the spirit of your argument but you are contradicting yourself. You are saying instead of taking in risk free easy money, they should instead tie up their capital in risk with an uncertain outcome? You wouldn't...

So what are you trying to say King? :)

Yeah the 5 million daytrading rule was added later though and IB was the only broker in the country offering it until recently. I'm not saying one can't leverage stock, it was created to help those trading options "with" stock. And to crystallize that point almost all brokers who offer PM...

No. I was in Chicago at the Union League Club when they were first introduced to the public. Fimat was the first firm to offer it. I sat through all the presentations as they explained how portfolio margin was to be used and the comparisons to risk based margin in JBO's. Portfolio margin...